Originally Posted by
rube
Unless it is.
There is no scenario where you make more money with our current deal than you would with the TA. The exchange is already better than 1:1, and it only gets better on a sliding scale down to $2.5 billion PTIX.
Did you have a good day today? Great! It's September tenth. Tomorrow might be September tenth, too, but someday it will be the eleventh, and at-risk income will get chunked up by some form of, you know, risk.
We sold all our profit sharing back to the company in 1999 for six percent across-the-board raises. It was an important step in setting the Delta Dot for the B777, and without that sale, the 2004 pay rates wouldn't even exist to provide the content for the pay rates in the TA.
Thanks for that refresher on the PS in 99. I didn't remember that. My RAM only goes back to about 2008 or so.
And I disagree that it is a pay increase because we WILL get profit sharing in 2016 and probably 2017 AND even 2018. Yes, we get more money, but we are -and I hate to use this phrase- self funding part of that increase. True, we will be making a lot more money under the TA. I have never said otherwise. The semantic argument is one I have a really hard time getting past.
As to your risk argument, it is one I am wiling to take since this is a 3 year deal. Ask yourself this question though: If we were only making $1.1 billion right now, would management still be willing to pay what they are paying for this same PS deal?